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increases while the government cuts back $100 billion in spending. it is a recipe for the economy and the average californian. >> the average person and almost every one of us will notice it very soon, because it will affect how much is taken out of our weekly paychecks, and it will become very apparent very quickly, and it will be painful. >> reporter: the average household could pay an extra $2,000 to $3,000 in taxes. 1200 government programs will be cut. it could increase the unemployment rate to 9%. for other, it could be worse. take a single mother with two kids making $50 grand a year. she'll pay an extra $1,000 for an increase in social security, another $1,000 because child tax breaks will be halved, and another $1,000 because the tax cuts will expire, meaning an extra $3,000. >> it will hit us very hard and suddenly unless we're smart enough to fix this. >> reporter: and it's even worse than your money and jobs. the economy could slow even more, and that could mean another painful recession. i'm grace lee, cbs 5. >>> a new study suggests a link swine associate owe economi
cooperation is necessary, he said the president's plan is wrong >> we are not going to hurt our economy. >>> that cia sex scandal highlights the insecurities of e-mail. but there are more ways than ever to hide sensitive documents and erase your footsteps. len ramirez shows us how. >> this tape will self-destruct in 5 seconds. >> reporter: there has always been a need to protect sensitive information. whether it's a corporation dealing with trade secrets or a senator trying to hide an adulterous affair. our information more vulnerable than ever. >> the biggest concern is the security of the information in the cloud. >> reporter: the cloud based in san jose has been doubling in size the last two years by creating software that encrypts e-mail to make it unreadable to any outsider. >> if you're not going through our gateway, all you'd see is gibberish. >> reporter: it's designed as a business security system. >> consumer data. >> reporter: but there's an emerging market for consumer products. remember that self-redestructing? message there's an app for that. it decides how long an e-mail
with voters and stand on that issue and then wait for the economy sadly to go down, because it is, and then be there to be opportunistic and make their way back. >> okay. the reason that california units is twofold. one is to support the tax plan, but the other thing is proposition 32, which republicans put on the ballot to try to take unions out of the political equation. you invited a fight you couldn't win and they cleaned your clock. >> thank you very much for saying that. i was so powerful that i did all of that. in fact, that was put on the ballot without consultation in advance by the california republican party. with all the legislators being involved. that sort of a problem with republicans in california. we help all the separate groups that don't work together and plan these things out. that is the headache that republicans both me and the party and in the legislature have to deal with is outside parties who have these agendas. >> it's not unique. jerry brown woke up and found molly munger, a democrat leaning individual, coming up with her own idea of a tax plan. let me
think our economy is improving, and they finally did it. i'm happy. >> reporter: and those who didn't have a shopping invitation today decided to do a site preview. bringing along some friends. >> pepsi, wepsi, and squirrely whirly. do they like to shop? >> yes. >> reporter: and well behaved dogs like to shop. stores opening at 10 a.m. with a champagne and confetti grand opening. will they be ready? they say yes. . >>> a rough day on wall street. the dow plummeted more than 300 points in its worst single day of trading this year. but it wasn't just an election hangover to blame. >> another big issue sinking the market today is europe. we got a downgrade from the european union and it looks like the recession could last all the way through next year. >> so if you've ever wanted to grab some apple stock, now may be the time because today the stock price hit a six-month low at $561. analysts blame the sluggish earnings report but say the holiday shopping season will likely drive that stock price right back up. >>> it's that time of year again. holiday travelers are booking early and of
dismiss the complaint saying more money in their pockets will be good for the economy. the minimum wage hike takes effect next year. >>> another game went to overtime tonight. did it end in a die? will alex smith play next week? that'll be coming up next. with over 200 varieties, keurig makes brewing a delicious cup of coffee simple. how does it brew such great coffee? well... inside the brewer are these green fields of coffee, and if you travel up this mountain, there's this huge coffee grinder. and then the coffee lands in this cup and water rushes through. actually, i just press this button. brew what you love, simply. keurig. to a tastier festive feast. so much to sip and savor. a feeding frenzy, to say the least. a turkey from safeway will have everyone raving. there's fresh, natural, frozen, whatever your craving. spend $25, and get a frozen safeway turkey for 59 cents a pound. or spend $25, and a frozen butterball turkey, just 99 cents a pound. so raise your glass, pull up a chair, grab a plate. this tastier thanksgiving is well worth the wait. safeway. ingredients for life. 49er
Search Results 0 to 4 of about 5